Asian Penny Stocks To Watch In October 2025

Simply Wall St

As global markets navigate the complexities of economic data delays and shifting monetary policies, Asian markets continue to capture investor attention with their unique opportunities. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. These smaller or newer companies can offer a compelling mix of affordability and growth potential when backed by strong financials.

Top 10 Penny Stocks In Asia

NameShare PriceMarket CapRewards & Risks
Food Moments (SET:FM)THB3.84THB3.79B✅ 4 ⚠️ 0 View Analysis >
JBM (Healthcare) (SEHK:2161)HK$2.96HK$2.41B✅ 3 ⚠️ 1 View Analysis >
Lever Style (SEHK:1346)HK$1.51HK$933.97M✅ 4 ⚠️ 1 View Analysis >
TK Group (Holdings) (SEHK:2283)HK$2.73HK$2.27B✅ 4 ⚠️ 1 View Analysis >
T.A.C. Consumer (SET:TACC)THB4.80THB2.88B✅ 3 ⚠️ 3 View Analysis >
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)SGD3.35SGD13.18B✅ 5 ⚠️ 1 View Analysis >
Ekarat Engineering (SET:AKR)THB0.96THB1.41B✅ 2 ⚠️ 2 View Analysis >
Livestock Improvement (NZSE:LIC)NZ$0.97NZ$138.07M✅ 2 ⚠️ 5 View Analysis >
Rojana Industrial Park (SET:ROJNA)THB4.80THB9.7B✅ 3 ⚠️ 3 View Analysis >
Lum Chang Holdings (SGX:L19)SGD0.45SGD168.58M✅ 2 ⚠️ 2 View Analysis >

Click here to see the full list of 954 stocks from our Asian Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Boustead Singapore (SGX:F9D)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Boustead Singapore Limited is an investment holding company offering energy engineering, real estate, geospatial, and healthcare technology solutions across various regions globally, with a market cap of SGD883.27 million.

Operations: The company's revenue is primarily derived from its Geospatial segment at SGD221.35 million, followed by Energy Engineering at SGD158.89 million, Real Estate Solutions at SGD134.35 million, and Healthcare at SGD12.14 million.

Market Cap: SGD883.27M

Boustead Singapore demonstrates a robust financial position with strong revenue streams across its Geospatial and Energy Engineering segments. Despite an unstable dividend track record, the company shows solid earnings growth of 48.1% over the past year, surpassing its five-year average rate. Its debt is well-covered by operating cash flow, and it maintains more cash than total debt, indicating prudent financial management. Recent events include being added to the S&P Global BMI Index and terminating a SGD500 million multicurrency debt issuance program. However, Boustead's board of directors has limited experience with an average tenure of 2.9 years.

SGX:F9D Debt to Equity History and Analysis as at Oct 2025

Geo Energy Resources (SGX:RE4)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Geo Energy Resources Limited is an investment holding company involved in the mining, production, and trading of coal, with a market capitalization of SGD699.89 million.

Operations: The company's revenue is primarily generated from its coal mining operations, amounting to $522.02 million.

Market Cap: SGD699.89M

Geo Energy Resources Limited is navigating financial challenges with a net profit margin of 5.8%, down from last year's 14.7%. The company's Return on Equity is low at 5.3%, and its short-term assets ($255.7M) exceed short-term liabilities ($126.7M), though they fall short of covering long-term liabilities ($305.7M). Recently, the company secured a USD 275 million loan facility to refinance existing debt, fund mine development, and acquisitions, which should enhance liquidity and support growth plans. Despite declining earnings over five years, the forecast suggests a significant annual growth rate of 66.94%.

SGX:RE4 Financial Position Analysis as at Oct 2025

Zhefu Holding Group (SZSE:002266)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Zhefu Holding Group Co., Ltd. is involved in the research, development, manufacture, installation, and service of hydropower equipment both in China and internationally, with a market cap of CN¥20.92 billion.

Operations: The company's revenue is primarily derived from its operations in China, generating CN¥21.21 billion, with an additional CN¥30.06 million from international markets.

Market Cap: CN¥20.92B

Zhefu Holding Group has shown resilience with earnings growth of 38.1% over the past year, outpacing its industry peers. The company's short-term assets (CN¥17.1 billion) comfortably cover both short-term (CN¥13.1 billion) and long-term liabilities (CN¥1 billion), indicating strong liquidity management. Despite a low Return on Equity of 9.5%, Zhefu's debt is well covered by operating cash flow, and interest payments are adequately managed with EBIT coverage at 31 times interest obligations. Recent earnings reports highlight improved net profit margins from last year, though share price volatility remains high in the short term.

SZSE:002266 Revenue & Expenses Breakdown as at Oct 2025

Seize The Opportunity

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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